Holding Company Can Sell Shares to Subsidiary Without Time Gap, Exempt from Long-Term Capital Gains Tax.

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....Long term capital gain - process of sale of shares by holding company to the subsidiary company - time can gap between the formation of the companies and the transfer of shares to them - law does not require any time can gap - Benefit of exemption from LTCG allowed u/s 45 r.w.s 47(iv)....